USDCHF will moooon
Following a roughly three-week downtrend, a bottom formation is currently developing in the USDCHF pair. This chart pattern is supported by a bullish CDV divergence.
Consequently, we are initiating a profitable long position, which provides us with a Risk-Reward Ratio (RRR) of 3.4:1.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.